Memphis
Analyze Rental Properties in Memphis, TN
Memphis is one of the most actively underwritten rental markets in the U.S. As of our latest pull, the median home price across the Memphis metro is $175,000, with median rents around $1,300/mo and cap rates in the 7.5–9.6% range. REIA pulls live comps, rent estimates, taxes, and insurance for any TN property in seconds — then runs full cash-flow, BRRRR, and AI risk analysis so you can make an offer the same day instead of fumbling through spreadsheets.
- Median home price
- $175,000
- Median rent
- $1,300/mo
- Avg cap rate
- 8.4%
How it works
From listing to lender-ready in three steps.
Paste a Zillow URL
Or enter an address directly. We pull listing details, comps, taxes, and rent estimates automatically.
See the analysis
Cash flow, cap rate, BRRRR projections, and a Claude-powered risk report — all in under a minute.
Tweak and share
Edit any assumption. Generate a PDF. Send a public share link to your partner, lender, or property manager.
Is Memphis a good market for rental investing?
Demand: Memphis has remained one of the more active rental submarkets in Tennessee, with median asking rents hovering around $1,300/month. Tenant absorption is a property-by-property question — submarket, school district, and unit class all matter more than the metro average.
Yield: Average cap rates run 7.5–9.6%, with the upper end typically reflecting older Class C inventory and value-add plays. REIA defaults assume conservative vacancy and operating expenses; tighten them as your due diligence warrants.
Risk: Like every market, headline numbers hide street-level variance. Always pull comps, verify taxes after reassessment, and factor in insurance — REIA flags cost categories that look out of line with comparable TN deals.
Neighborhood highlights
Cooper-Young
Trendy midtown neighborhood with the strongest appreciation in Memphis.
Frayser
Working-class submarket popular with turnkey investors; high cash-on-cash but tenant screening is critical.
Berclair
Affordable entry point with steady rent growth and proximity to East Memphis employment.
See a real Memphis analysis
We ran a sample Memphis property through REIA — below is the public share link with assumptions, cash flow, and the AI risk report. No login required.
Memphis rental investing FAQ
Cap rates in Memphis, Tennessee typically range from 7.5% to 9.6%, with an average around 8.4%. The exact rate depends on submarket, property class, and operating efficiency. Use REIA to model your specific deal.
As of our most recent data pull, the median home price in the Memphis metro is $175,000. Median asking rent runs about $1,300/month.
Investors looking for cash flow often target Frayser and Berclair. Cooper-Young tends to attract appreciation-focused buyers. Always run the numbers on the specific street and property class.
Yes — paste any Zillow, Redfin, or Realtor.com URL for a property in Memphis, TN and REIA will pull listing details, comps, taxes, and rent estimates automatically. You can edit every assumption before exporting your report.
Ready to underwrite your next Memphis deal?
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